Guy on Nostr: Mises explained that the "store of value" function of money is derived from the ...
Mises explained that the "store of value" function of money is derived from the "medium of exchange" function. And therefore it's superfluous to talk about a "store of value" function of money as though it were separate from "medium of exchange." I read the first few paragraphs and it sounds like you basically agree with Mises. Except Mises was talking about money and what makes money money.
In the beginning, we wanted Bitcoin to become money. It was a wonderful medium of exchange for a while. Then some things happened that made it more cumbersome as medium of exchange. Some people recognized the problem and started working on solutions. Other people seem to have moved the goalposts by talking about "store of value." You're right to say that in order for Bitcoin to be a "store of value" it needs to be valuable over some time interval, between two exchanges. The question now is: do we still want Bitcoin to become money?
In the beginning, we wanted Bitcoin to become money. It was a wonderful medium of exchange for a while. Then some things happened that made it more cumbersome as medium of exchange. Some people recognized the problem and started working on solutions. Other people seem to have moved the goalposts by talking about "store of value." You're right to say that in order for Bitcoin to be a "store of value" it needs to be valuable over some time interval, between two exchanges. The question now is: do we still want Bitcoin to become money?